Equity
D'IETEREN IMMO has made a profit without a break since 2017.
D'IETEREN IMMO has made a profit without a break since 2017.
The result rose in 2025 from €3.4m to €5.4m.
D'IETEREN IMMO pays its suppliers 36 days earlier than in 2024. Customers pay 3 days later.
The last five annual accounts were filed 39 to 56 days before the end of the period.
Higher net result than 95% of companies in real estate. Sector median €20,538 · 5,811 companies.
The dashed line is the sector median: 0.1% across 6,998 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 59% of them on solvency, 68% on liquidity, 91% on profitability and 69% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 14,766 companies had the same profile as D'IETEREN IMMO has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of D'IETEREN IMMO itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for D'IETEREN IMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.83 (0.58 in 2024), below 1. Short-term debt is 6.4% and cash 1.2% of total assets. 60.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 54 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Shares in 1 company, Business Park Herstal
Board & ownership| Company | ||||
|---|---|---|---|---|
| D'IETEREN IMMO Ixelles | €28.6m | 37.5% | 39.9% | 39.4 |
| SHURGARD BELGIUM Asse | €29.4m | 52.0% | 87.5% | 36.1 |
| DC INDUSTRIAL Ixelles | €42.9m | 15.8% | 75.6% | 28.3 |
| B & R Arendonk | €15.6m | 12.8% | 30.2% | 47.4 |
| WOONKADE RUPELSTREEK Boom | €10.3m | -17.8% | 11.5% | 36.9 |
| Woontrots Tervuren | €20.9m | 13.1% | 12.9% | 43.6 |
| LOGIVESDRE Verviers | €15.9m | 38.6% | 44.6% | 45.5 |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as D'IETEREN IMMO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €132m and €343m, founded between 1921 and 1997.
D'IETEREN IMMO has existed since 1976. In 2016 turnover rose from €418,433 to €4.0m. On 1 November 2016 two sites were added.
Turnover has grown every year since 2020.
D'Ieteren Group holds all the shares. In August 2024, the Official Gazette published the appointment of Malopronek 2 BV as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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